$SPONGE has maintained its position as one of the best meme coins. It has a market cap of more than $16 million and a community of more than 11,600 token holders. It’s also listed on 10 popular crypto exchanges, including MEXC, Poloniex, Toobit, CoinW, LBank, BTCEX, Gate.io, BitMart, Bitget, and BitKan. First, investors who buy $SPONGE right now and bridge to V2 stand to earn a 100% purchase bonus.
Now, $SPONGE is back with a V2 token that promises to be bigger, better, and more absorbent. The $SPONGE whitepaper describes $SPONGE V2 as a bigger, better, and more absorbent upgrade on the original token. It’s designed to position the project for new development, including bigger listing exchanges and a play-to-earn game. Sponge ($SPONGE) is a memecoin inspired by Spongebob Squarepants.
The only way to get $SPONGE V2 right now is to stake and permanently lock $SPONGE V1 tokens. Investors who stake V1 tokens will earn staking rewards paid in V2 tokens for the next 4 years. For a limited time, investors who buy $SPONGE V1 and stake it will earn a 100% purchase bonus in V2 tokens.
Second Chance to Take Advantage of the Sponge Craze
The Sponge V2 staking dashboard shows that more than 3.8 billion tokens have been staked, and the current reward rate stands at more than 400%. The current reports suggest that the interest in Sponge V1 tokens is very high. So far, more than $2 million worth of Sponge V1 tokens have been staked and bridged.
Beyond its staking perks, Sponge is also jumping into the P2E arena to offer a unique Web 3 game to its users. While Sponge maintains a follower count of just close to 30k on Twitter, it is significant considering it is a project that came out of nowhere. There are thousands of views and hundreds of likes and retweets for this project. It indicates https://www.crypto-trading.info/ that a new community has already started to form around this token. Those who refrain from extracting their Sponge V2 tokens as soon as they arrive will get access to a lucrative APY. With over 27k followers on Twitter, Sponge continues to maintain a respectable market capitalization to this day, hovering just above the $12 million mark.
It seems highly likely that $SPONGE will achieve Binance and OKX listings, especially since Binance just listed several similar meme coins. These listings could easily send $SPONGE to a $100 million market cap, a nearly 8x gain from today’s price. $SPONGE V2 is the second generation of the $SPONGE token, a meme coin based on Spongebob Squarepants. $SPONGE V2 aims to reach a $100 million market cap, list on Binance and OKX, and launch a new play-to-earn game. New investors who buy $SPONGE V1 right now in order to bridge to V2 will earn a purchase bonus in V2 tokens.
- Investors must use ETH or USDT to buy $SPONGE on the project’s site.
- Investors who go through this process will also receive a bonus of V2 tokens equivalent to their purchase of V1 tokens.
- It’s also listed on 10 popular crypto exchanges, including MEXC, Poloniex, Toobit, CoinW, LBank, BTCEX, Gate.io, BitMart, Bitget, and BitKan.
In this guide, we’ll explain how to buy $SPONGE V2 and take a closer look at this coin’s potential.
Play-to-Earn Game
$SPONGE nearly reached a $100 million market cap in May 2023, and the project has now made that achievement an official goal of the V2 roadmap. This represents a roughly 8x gain for the token from the current $SPONGE price. The current bullish wave that the entire market has been going through make it a good time to invest in memecoins. Sponge has already proved that it can make parabolic gains for early movers. The same staking perk that has made Sponge V2 rule the headlines is also the reason for this token’s long-term perks.
These perks, which include staking and P2E, spell good news for early movers. Those interested in this project should consider going to sponge.vip and buying Sponge tokens to stake them. With the announcement of stake-to-bridge, multiple investors are coming together to buy Sponge.
What is SPONGE V2?
Once the token launches, you will gain the exact number of Sponge V2 tokens. However, Sponge V2 is not only planning to ride the wave of the upcoming bullish movement. It aims to “absorb all the damp”, which is the project’s way of saying that it intends to absorb all the liquidity held by the leading memecoins in the market. https://www.topbitcoinnews.org/ We also offer an insight into its novel stake-to-bridge model that will give you access to Sponge V2, a new crypto with multiple upsides. $SPONGE currently has a market cap of $16 million with a community of more than 11,650 token holders. The token hit an all-time high market cap of nearly $100 million in the spring of 2023.
Gripped by the memecoin fever, people came in droves, investing in whatever memecoins they found appealing. Sponge, with its quirky look and whacky inspiration, was one of the key tokens that got people’s attention. Investors can increase their holdings over a 4-year period, starting at a minimum APY of 40%. This is one of the reasons that Sponge V2 has become one of the most interesting staking tokens to invest in. This result was surprising for most in the crypto space, considering the project didn’t advertise any utilities or had other fundamentals.
ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. ValueWalk also contains archives of famous investors, and features many investor resource pages. Visit the SPONGE project site and click ‘Connect Wallet.’ Follow the on-screen prompts to allow the wallet connection. Michael is an experienced freelance writer hailing from Bellingham, Washington. Specializing in tech, finance, and business, he’s appeared on many different sites, including the likes of Tom’s Guide, TechRadar, Techopedia, and Business2Community.
How to Buy SPONGE V2 ($SPONGE) in Five Simple Steps
Passive income seekers can keep their tokens staked and can potentially increase their holdings over the course of the next four years. The starting APY is 40%, the highest among any staking project active right now. Basically, https://www.cryptominer.services/ it is a new name for stake-to-earn, except that a different type of token will be rewarded to you in exchange for staking tokens. This website is using a security service to protect itself from online attacks.
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According to DEXTools, the token today has a market cap of more than $16 million and its community includes more than 11,650 token holders. $SPONGE launched in May 2023 as a play on the Spongebob Squarepants meme, which was already popular within the crypto community. The token was an immediate hit, surging 100x to a nearly $100 million market cap within a few days of its launch. However, the whitepaper has said that users will be able to earn $SPONGEV2 tokens by playing.
We’re bullish on $SPONGE and think this token has huge potential. It could blow past a $100 million market cap—already an 8x gain—and climb into the ranks of the largest meme coins. The only way to get $SPONGE V2 right now is to stake V1 tokens and bridge to the next generation of $SPONGE. Buy $SPONGE now to make the bridge and claim a 100% purchase bonus in V2 tokens.
